Is Mio, MI a good place to invest in rental property?

Mio, MI has a median modeled monthly cash flow of $-48 and a median cap rate of 5.8%, on a median sold price of $117,000. Prices changed -6.3% year over year.

What is the average cap rate in Mio, MI?

The median cap rate across recently sold homes in Mio, MI is 5.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Mio, MI?

The median sold price in Mio, MI is $117,000 (about $104 per square foot).

Investing in Mio, MI Real Estate

A data-driven snapshot of the Mio, MI rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$117,000Median sold price

$104Median $/sqft

5.8%Median cap rate

$-48Modeled cash flow / mo

-6.3%Appreciation YoY

3.0Months of supply

27Active listings

108Sold (last 12 mo)

What the Mio numbers say

In Mio, MI, the median home sold for $117,000 (about $104 per square foot), and the typical deal models out to a 5.8% cap rate with a median $-48 of monthly cash flow. Sold prices moved -6.3% over the past year. Inventory sits at about 3.0 months of supply — a tight, seller-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Michigan markets to compare

See Mio cash-flowing listings

CashFlowRE ranks every for-sale home in Mio, MI by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Mio deals, or browse the national market data.